Obtala (LON:OBT) Stock Price Down 2.8% – Should You Sell?

Shares of Obtala Ltd (LON:OBT) traded down 2.8% on Thursday . The company traded as low as GBX 6.90 ($0.09) and last traded at GBX 6.90 ($0.09). 227,500 shares were traded during mid-day trading, a decline of 67% from the average session volume of 683,806 shares. The stock had previously closed at GBX 7.10 ($0.09).

Obtala Stock Down 2.8 %

The company has a quick ratio of 0.43, a current ratio of 0.89 and a debt-to-equity ratio of 15.92. The business has a 50-day simple moving average of GBX 6.90 and a 200-day simple moving average of GBX 6.90. The stock has a market cap of £28.50 million and a P/E ratio of -1.86.

Obtala Company Profile

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.